Alcoa (AA) PT Lowered to $21 at Nomura Securities Post Q1; 'Buy' Maintained
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Go back to Alcoa (AA) PT Lowered to $21 at Nomura Securities Post Q1; 'Buy' Maintained
April 8, 2015 4:03 PM EDT
Alcoa (NYSE: AA) reported Q1 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.94 billion.
First quarter results show our transformation is moving at ongoing high speed and is fully on course, said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. We are organically and inorganically broadening our innovative, multi-material value-add businesses, bringing new capabilities and materials to our aerospace and automotive offerings, and taking swift action in the upstream, making it more competitive. We are pulling on all levers to create sustainable... More
April 8, 2015 3:43 PM EDT
Alcoa Inc. (NYSE: AA) is trading higher Wednesday heading into the aluminum giant's Q1 report, which is expected out after markets close.
Consensus estimates are calling for EPS of $0.26 with revenue of $5.94 billion, from EPS of $0.09 and revs of $5.45 billion reported... More
